• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

'A very vibrant hydrocarbon industry'

O’Leary highlighted the significant advancements in energy technology compared to models of decades past. He also advocated for educating American voters about the role of the hydrocarbon industry.

“When people talk about not building refineries, it’s based on technology from 1972. Today you can build a refinery that’s almost carbon neutral by scrubbing and sequestering carbon,” he said. “So the industry should take some blame on education.”

Indeed, strides have been made in carbon capture and storage technology, however, a recent paper published in Nature contends a truly net-zero refinery may be achievable as early as 2050.

Looking ahead, O’Leary is optimistic about America’s energy future under potential new leadership. He specifically mentioned Doug Burgum, the Republican governor of North Dakota, as a strong vice-presidential candidate with a focus on energy.

“Burgum, if he is VP, [is] clearly a very strong energy component player, we’re going to have energy security, we’re going to have energy independence and we’re going to have a very, very vibrant hydrocarbon industry here that is compliant with concerns,” O’Leary predicted.

Trading Tips for All Levels: Avoid These 5 Expensive Mistakes

Don't let costly errors derail your trading success. Learn about the five most expensive mistakes in options trading and how to avoid them, whether you're just starting out or have years of experience. Enhance your trading strategy today and stay ahead of the game!

Learn More

Capitalizing on energy sector growth

Given the evolving landscape of the energy sector and the optimistic views from O’Leary, investors have several strategies available to tap into the potential growth of the industry.

One approach is to seek out stocks of companies that are leading in oil and gas production, especially those investing in technologies to make hydrocarbon extraction and processing cleaner and more efficient. Companies that are proactively implementing new technologies to reduce carbon emissions may warrant particular attention.

Infrastructure is another critical component for the hydrocarbon industry. Investors might want to look into companies that own and operate pipelines, LNG facilities and refineries. These infrastructure assets play a vital role in the efficiency and safety of hydrocarbon transportation and processing.

For investors who prefer not to pick individual stocks, there are also exchange-traded funds (ETFs) that provide diversified exposure to the energy sector. ETFs allow investors to spread their risk across various companies without having to select individual winners and losers. For broad exposure to energy, investors can consider options like the Energy Select Sector SPDR Fund (XLE). For more targeted investments in specific segments of the market, names like the Tortoise North American Pipeline Fund (TPYP) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) can provide a starting point for further research.

Sponsored

This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Jing Pan Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.